Thailand becomes 'sick man of the Southeast Asia'

March 26, 2014 00:00

Thailand is now being branded as 'the sick man of Southeast Asia' given its low economic growth, unstable politics and lack of investor confidence, the director of University of the Thai Chamber of Commerce said on Wednesday.

Ath Pisalvanich, director of the university’s International Trade Studies Centre, said 480 of 4,000 small and mediumsized Thai enterprises are planning to invest in neighbouring Indonesia, Myanmar and Laos with a total investment of Bt77 billion.

The political turmoil will compel other manufacturers to relocate from Thailand, he said, adding that about 1,440 Thai operators will possibly move their production bases to neighbouring countries.

The Nation

Ath Pisalvanich, director of the university’s International Trade Studies Centre, said 480 of 4,000 small and mediumsized Thai enterprises are planning to invest in neighbouring Indonesia, Myanmar and Laos with a total investment of Bt77 billion.

The political turmoil will compel other manufacturers to relocate from Thailand, he said, adding that about 1,440 Thai operators will possibly move their production bases to neighbouring countries.